One mistake is to continuously shifting your stop loss target when you are able to hit your stop loss price. My advice for new traders is not to do this even if there are a lot of whipsaws in the market.
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One mistake is to continuously shifting your stop loss target when you are able to hit your stop loss price. My advice for new traders is not to do this even if there are a lot of whipsaws in the market.
Avoid killing your account withsomany trades and makes sure that your trades are better than any other trades, just avoidbeing in the wrong side of your trading account and make sure that you know how to undrerstand what you are doing, the best way to trade is to avoid making so many mistkes and emotional trading.
Every new trader have need to avoid mistake what they doing in their trading. I presume that at first time trading new trader feel fear so that they have make more mistake which is the main reason for make loss in trading. trader should be control mistake while trading by trading in demo contest.
if you feel the emotions have started to intervene so try to avoid it, because at all if you use emotions then it will only harm and no benefit at all, then we can try to cope with anything else.
infact in the start many people have many problems in trades and they commit many mistakes that can lead to loss if they are trading with the actual trade so they must try their luck at demo account and after getting required amount of knowledge then they start the trade
Actually hard to predict support and resistance because we can't predict when this support and resistance spot could be happen. we also can't predict support and resistance from previous record, so the best thing to do is following trend first and then we would know when support and resistance spot will be occur. but the easiest way is following trend because I am only get in and get out. if trend against my prediction before, only close and make new order.
because the beginner are new in forex they always have mistakes.but it is very much important to overcome it in a future trade.
So forex is a way of Income for man those who are gather knowledge about computer and online internet use knowledge. So Forex means a sources of income in on line by conversation various topics on forex trading. It is a indian wave site from which lot of people earn money in long time. It is suitable sources of income for student and employee. Its a game also.
I assume that most of the trader make more mistake while trading for lack of experience. I consider that these mistake is the main reason for become loser in forex trading market. I consider that trader must have gain knowledge for avoid these mistake before start trading in forex.